2018 Jan Oracle Official New Released 1z0-516
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Oracle EBS R12.1 General Ledger Essentials

Question No: 261 – (Topic 3)

Identify three ways in which subledgers transfer information to General Ledger. (Choose three.)

  1. balances

  2. batch transfer

  3. detail journals

  4. line-level records

  5. summary journals

Answer: B,C,E

Question No: 262 – (Topic 3)

A manager wants to review the cash balance by company. He has asked you to create the summary account template. The company#39;s accounting flexfield has four segments:

company (5 values) cost centers (30 values) region (4 values)

account (180 values)

The total number of cash accounts is five that are associated with two parents:

Three accounts are associated with the parent called Checking. Two accounts are identified with the parent called Savings.

To combine the cash parents, you create a rollup group named Cash.

Which summary account template would you create to review the cash balances by company? (D: Detail) (T: Total)

  1. D-D-D-Cash

  2. T-T-T-Cash

  3. D-T-D-Cash

  4. T-D-T-Cash

  5. T-D-D-Cash

  6. D-T-T-Cash

Answer: F

Question No: 263 – (Topic 3)

Jack, the CFO of ABC Company, wants to prepare the annual capital expenditure budget for the current year where the company plans to grow in the last quarter of the year. The capital expenditure budget is subdivided in multiple items, and the corporate calendar used at ABC Company has thirteen periods. Identify the three budget rules that Jack must use to minimize the effort. (Choose three.)

  1. Use the divide evenly rule with the 4/4/4 spread.

  2. Use the divide evenly rule with the 4/5/4 spread.

  3. Use the divide evenly rule with the 5/4/4 spread.

  4. Use the divide evenly rule with the 4/4/5 spread.

Answer: B,C,D

Question No: 264 – (Topic 3)

During a pilot run of Financial Statement Generator reports, the report output displayed credit amounts as negative numbers. The customer requires the credit amounts on the

reports to be positive instead of negative. Identify the solution that must be implemented to meet the customer#39;s requirements.

  1. Inform the customer that this requirement would require a customization.

  2. Select the change sign check box for the related row or column definition.

  3. Deselect the change sign check box for the related row or column definition.

  4. Create a journal by doubling the values wherever the report is displaying negative numbers.

Answer: B

Question No: 265 – (Topic 3)

Company XYZ has received an invoice that includes freight charges. They want to distribute the freight charges proportionately to the same accounts that were charged for the items. Identify the steps they need to follow to create the freight distributions.

  1. Manually enter freight-type distributions for each account that was charged.

  2. Enable Automatically Create Freight Distribution in the invoice region in the Payables Options window.

  3. Create a freight distribution by selecting the Create Freight Distribution check box in the Invoices window.

  4. In the Distributions window, click the Allocate button, identify the distribution type as Freight, select Prorate, and select the distributions to which freight charges would be allocated.

Answer: D

Question No: 266 – (Topic 3)

ABC Systems is headquartered in Toronto with a branch in New Delhi. The Toronto office uses a weekly calendar, whereas the New Delhi office uses a monthly calendar. The GL journals of New Delhi must be reflected in Toronto#39;s books. What conversion method would you use?

  1. Use journal-level secondary ledger conversion.

  2. Use subledger-level secondary ledger conversion.

  3. Use adjustment-level secondary ledger conversion.

  4. Use both subledger-level and adjustment-level secondary ledger conversion.

Answer: A

Question No: 267 – (Topic 3)

Identify two events that take place when an invoice is matched to a purchase order. (Choose two.)

  1. Tolerances are enforced.

  2. The quantity billed is updated.

  3. The quantity received is updated.

  4. The purchase order accounting information is copied to the invoice.

Answer: B,D

Question No: 268 – (Topic 3)

Client L has implemented Oracle Payables. They have been able to enter invoices and have them validated, but have been unable to create accounting entries. You have been asked to review the situation. Identify what could be causing this problem.

  1. The base currency has not been defined.

  2. Automatic offsets have been set to balancing.

  3. The primary accounting method has not been defined.

  4. The Payables Accounting Process was not submitted.

  5. The account for gain or loss attribute has not been enabled.

Answer: D

Question No: 269 – (Topic 3)

To achieve the maximum summary account functionality for total (T), how must the value sets for each segment of the accounting key flexfield be set?

  1. Precision must be set to one.

  2. The list type must be set to long list of values.

  3. The maximum size of each segment of the accounting key flexfield must be five characters.

  4. The format type must be set to character, and the additional option of numbers only must not be selected.

Answer: D

Question No: 270 – (Topic 3)

ABC Enterprise has operations in the US, France, and Italy. The US, France, and Italy operations have separate legal and statutory requirements. The tax requirements also differ for each country. Identify the action you would perform to set up Oracle General Ledger.

  1. Create a separate legal entity and accounting setup for each operation.

  2. Create one legal entity and three accounting setups for the US, France, and Italy.

  3. Create three legal entities for the US, France, and Italy, and one accounting setup.

  4. Create three legal entities for each operation. Create one accounting setup for France and Italy, and one for the US.

  5. Create two legal entities: one for France and Italy, and one for the US. Create two accounting setups: one for France and Italy, and one for the US.

Answer: A

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